Short Interest in John Hancock Investors Trust (NYSE:JHI) Declines By 20.4%

John Hancock Investors Trust (NYSE:JHI) saw a large decline in short interest in February. As of February 28th, there was short interest totalling 10,900 shares, a decline of 20.4% from the February 13th total of 13,700 shares. Based on an average daily trading volume, of 18,700 shares, the short-interest ratio is currently 0.6 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Investors Weigh In On John Hancock Investors Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quarry LP acquired a new stake in shares of John Hancock Investors Trust during the fourth quarter valued at about $29,000. Noble Wealth Management PBC acquired a new position in John Hancock Investors Trust during the fourth quarter worth $33,000. HighTower Advisors LLC purchased a new position in John Hancock Investors Trust during the 3rd quarter valued at about $138,000. Aviance Capital Partners LLC grew its position in John Hancock Investors Trust by 9.3% in the 4th quarter. Aviance Capital Partners LLC now owns 22,238 shares of the financial services provider’s stock valued at $304,000 after acquiring an additional 1,888 shares in the last quarter. Finally, Landscape Capital Management L.L.C. increased its stake in John Hancock Investors Trust by 10.4% during the third quarter. Landscape Capital Management L.L.C. now owns 26,077 shares of the financial services provider’s stock worth $367,000 after purchasing an additional 2,460 shares during the period. Institutional investors and hedge funds own 27.01% of the company’s stock.

John Hancock Investors Trust Price Performance

Shares of John Hancock Investors Trust stock opened at $13.49 on Monday. The business has a 50 day simple moving average of $14.02 and a two-hundred day simple moving average of $14.02. John Hancock Investors Trust has a 12 month low of $12.89 and a 12 month high of $14.48.

John Hancock Investors Trust Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 13th will be paid a $0.2349 dividend. This represents a $0.94 annualized dividend and a yield of 6.97%. The ex-dividend date is Thursday, March 13th.

About John Hancock Investors Trust

John Hancock Investors Trust is a closed-ended fixed income mutual fund launched and managed by John Hancock Investment Management LLC. It is co-managed by John Hancock Asset Management. It invests in the fixed income markets across the globe. The fund primarily invests in a diversified portfolio of corporate and government bonds, debt securities.